Merino, situated in the Glenelg Shire of Victoria, presents a unique and attractive option for those looking to enter the housing market. The town, with its rural charm and laid-back lifestyle, offers a variety of affordable housing options ranging from quaint, older homes to more modern builds. Real estate in Merino is typically less expensive than in nearby metropolitan areas, making it an attractive locale for first-time home buyers or those seeking a change from the hustle and bustle of city life. The town's housing market is characterized by its stability, with steady demand driven by the appealing affordability and the tight-knit community atmosphere.
Living in Merino offers residents a peaceful and friendly environment that is ideal for families, retirees, and anyone craving a slower pace of life. The town is surrounded by beautiful natural landscapes, providing plenty of opportunities for outdoor activities such as hiking, fishing, and picnicking. Community involvement is a significant aspect of life in Merino, with a variety of local events and clubs that bring residents together. While it provides a quiet rural lifestyle, Merino is also conveniently located within driving distance to larger towns and essential amenities, striking a balance between seclusion and accessibility. With its welcoming community and serene surroundings, Merino is a delightful place to call home.
Median Weekly Rent | $100.00 |
Median Monthly Mortgage | $542.00 |
Median Persons Per bed houseroom | 0.60 |
Average Household Size | 2.00 |
Average Age | 59.00 |
Average Income | $462.00 |
Average Cars Per Dwelling | 1.72 |
Average Properties Within 50M | 2 |
Typical 1 bed house | |
Typical 2 bed house | |
Typical 3 bed house | $387,000 |
Typical 4 bed house | |
Typical 6 bed+ house |
Housing Stock
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Thinking about buying in Merino? Now could not be a better time, with just 224 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $388,000 with prices in this suburb ranging from $145,000 to $557,000. The aproximate distance to the coast is 50 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Merino due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Merino provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Merino to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Merino the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property Valuation67 Campbell Street, Merino, VIC, 3310 | 2 | 1 | 1 | $375,000 |
Merino Consolidated School
(While the above schools are located with the suburb of Merino there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.6 | 12.1 | 28.1 | 30.9 | 86.8 | 4.3 | 24.5 |
Feb | 1.3 | 12.6 | 27.0 | 37.7 | 92.6 | 4.2 | 20.9 |
Mar | 1.2 | 11.1 | 24.2 | 42.4 | 93.8 | 3.9 | 16.2 |
Apr | 1.5 | 8.8 | 20.3 | 50.6 | 95.6 | 3.4 | 11.7 |
May | 2.4 | 7.2 | 16.1 | 64.6 | 96.6 | 3.5 | 8.5 |
Jun | 2.4 | 5.0 | 13.6 | 73.5 | 97.5 | 3.3 | 7.4 |
Jul | 3.1 | 5.2 | 13.0 | 75.8 | 98.0 | 4.1 | 7.5 |
Aug | 2.5 | 5.2 | 14.0 | 66.4 | 97.2 | 4.2 | 10.2 |
Sept | 2.2 | 6.2 | 16.3 | 59.5 | 97.3 | 4.3 | 14.3 |
Oct | 1.7 | 7.4 | 19.2 | 54.1 | 96.1 | 4.3 | 19.1 |
Nov | 1.2 | 8.6 | 21.9 | 45.1 | 93.2 | 4.2 | 22.3 |
Dec | 1.2 | 10.2 | 25.3 | 38.4 | 90.6 | 4.2 | 25.1 |
source: Australian Government Bureau of Meteorology
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